Chana rises by 0.92% on increased demand
Chana prices traded higher 0.92 per cent on Friday at the National Commodity & Derivatives Exchange Limited (NCDEX) as the traders enlarged their holdings in the commodity on account of the good demand in the market. Moreover, the restricted arrivals of the commodity in the physical market due to lower estimated output also influenced the chana prices. India is the largest producer of chickpea followed by Pakistan, Turkey and Iran. At the NCDEX, chana futures for June 2014 contract were trading at Rs. 3,062 per quintal, up by 0.92 per cent, after opening at Rs. 3,032 against the previous closing price of Rs. 3,034. It touched the intra-day high of Rs. 3,068.
Chana prices traded higher 0.92 per cent on Friday at the National Commodity & Derivatives Exchange Limited (NCDEX) as the traders enlarged their holdings in the commodity on account of the good demand in the market. Moreover, the restricted arrivals of the commodity in the physical market due to lower estimated output also influenced the chana prices. India is the largest producer of chickpea followed by Pakistan, Turkey and Iran. At the NCDEX, chana futures for June 2014 contract were trading at Rs. 3,062 per quintal, up by 0.92 per cent, after opening at Rs. 3,032 against the previous closing price of Rs. 3,034. It touched the intra-day high of Rs. 3,068.
